SME Times News Bureau | 15 Nov, 2011
Mahindra & Mahindra Ltd Monday posted 2.78 percent decline in net profit at Rs.737.38 crore for the quarter ended Sep 30 as against Rs.758.49 crore during the same period of the previous financial year.
The total income however increased 35 percent at Rs.7,592.14 crore during the quarter under review as against Rs.5,634.13 crore during the same period of the previous fiscal, the company said in a regulatory filing.
The company also said that it suffered a foreign exchange net loss of Rs.320 million due to the rupee's sharp fall towards the end of the quarter under review.
At the Bombay Stock Exchange, the shares of the company closed 5.73 percent at Rs.790.40.